Senmiao Technology (NASDAQ:AIHS) Trading 3% Higher – Time to Buy?

Senmiao Technology Limited (NASDAQ:AIHS) was up 3% during trading on Thursday . The stock traded as high as $1.19 and last traded at $1.2050. Approximately 1,696 shares traded hands during trading, a decline of 96% from the average daily volume of 43,806 shares. The stock had previously closed at $1.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senmiao Technology in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Senmiao Technology Price Performance

The company has a market capitalization of $3.87 million, a price-to-earnings ratio of -1.40 and a beta of 0.97. The stock has a fifty day simple moving average of $1.31 and a 200-day simple moving average of $1.25.

About Senmiao Technology

Senmiao Technology Ltd, incorporated in the Cayman Islands and traded on NASDAQ under the ticker AIHS, is a developer and operator of internet-based financial technology platforms in China. The company delivers a suite of integrated financial services and e-commerce solutions designed to meet the needs of small and micro enterprises as well as individual borrowers across the Chinese market.

At the core of Senmiao’s business are its micro-finance lending operations, which provide short-term, collateral-backed loans to underserved customers.